on Australia's mining industry? AWS
advertisement
Who gains most from the Government’s proposed ‘Super Tax’ on Australia’s mining industry? Canada. Total tax on Australia’s mining industry with ‘Super Tax’.
58%
USA Brazil Current Australia South Africa Peru China Russia Chile Canada
40% 38% 38% 33% 32% 30% 30% 26% 23%
A massive jump: by far the world’s biggest tax on resources.
Canada’s tax will be less than half of Australia’s.
*Source: Citigroup
Has the Government thought this through? Australia’s tax on resources will be twice as big as Canada’s after the ‘Super Tax’ is introduced. And already Canada, is saying it wants to take more investments and projects from Australia. Already billions of dollars of investments meant for Australian projects have been frozen.
Already The Wall Street Journal has said “it runs counter to everything that has made Australia rich.” Already State Premiers have come out and said the ‘Super Tax’ will cost jobs. Already independent economists are forecasting growth to slow.
Authorised by Mitch Hooke, Minerals Council of Australia, 44 Sydney Ave Forrest ACT 2603.
Australia’s resources industry is the backbone of Australia’s economy and protected it from the Global Financial Crisis. Why put that at risk? If this tax can do so much damage in one week, imagine what the long-term consequences could be.
keepminingstrong.com.au
Who gains most from the Government’s proposed ‘Super Tax’ on Australia’s mining industry? Canada. Total tax on Australia’s mining industry with ‘Super Tax’.
58%
USA Brazil Current Australia South Africa Peru China Russia Chile Canada
40% 38% 38% 33% 32% 30% 30% 26% 23%
A massive jump: by far the world’s biggest tax on resources.
Canada’s tax will be less than half of Australia’s.
*Source: Citigroup
Has the Government thought this through? Australia’s tax on resources will be twice as big as Canada’s after the ‘Super Tax’ is introduced. And already Canada, is saying it wants to take more investments and projects from Australia. Already billions of dollars of investments meant for Australian projects have been frozen.
Already The Wall Street Journal has said “it runs counter to everything that has made Australia rich.” Already State Premiers have come out and said the ‘Super Tax’ will cost jobs. Already independent economists are forecasting growth to slow.
Authorised by Mitch Hooke, Minerals Council of Australia, 44 Sydney Ave Forrest ACT 2603.
Australia’s resources industry is the backbone of Australia’s economy and protected it from the Global Financial Crisis. Why put that at risk? If this tax can do so much damage in one week, imagine what the long-term consequences could be.
keepminingstrong.com.au
